Norwind Offshore takes delivery of its first vessel 'lesund, Norway, headquartered Norwind Offshore has taken delivery of its first vessel, Norwind Breeze. Handed over today by Fincantieri subsidiary Vard's Brattvåg, Norway, shipyard, the vessel was originally built as a platform
Demolition market in the doldrums as 'ghost' tanker fleet continues to find employment Currency depreciations in the major Indian subcontinent markets, rising inflation and a steep drop in recycled steel demand have caused...
Ships do not yet move by magic, whatever some people think Data wizards craft their careers with charts and tables. There are few reliable databases of global seafaring, which is why...
Finance could dry up for owners who don't go green 'If you look at the pricing of debt being based on the level of risk, it is a natural consequence...
Spot LPG rates surge on scarcity of tonnage The main driver for the rates surge has been a dearth of prompt availability of very large gas carriers in...
Core skills training must align with a clear career path Training to accomplish tasks has been replaced by core skills and behavioural competencies. Who provides training, on what platform, and...
Decarbonisation: Chinese pace lags behind foreign counterparts Progress made by Chinese shipping companies in decarbonisation cannot mask their lack of ambition on the global stage; however, they...
Week in newbuildings: Mid-size boxship orderbook doubles in six months Mid-size containership newbuildings represent a relatively low risk investment for non-operating owners due to their trading flexibility
Box volumes expected to rise as Shanghai opens up Cosco Shipping Holdings, controller of the world's fourth largest containership fleet, predicts a strong rebound in both freight volume and...
Fredriksen in private purchase of Euronav shares Tanker tycoon's stake in Euronav rises to 14.95% compared with 19.6% for company founders the Saverys family, which opposes Frontline's...
The week in charts: Trade flow shift means more grains stay in Atlantic | Systemic changes in transpacific vessel sizes| Capesize rates drop over concerns for China growth outlook Capesize spot rates finish the week on a decline, South American volumes staying in the Atlantic increases in wake of...
Mercuria hedges against crude tanker spot rates rebound with aframax and suezmax period charters Oil trader takes three 2017 aframax tankers and two suezmax newbuildings in deal with Greece's Lemos family
Decarbonisation: Clean-tech breakthrough needs new thinking on investments No single clean-tech solution has yet to prove a gamechanger, but IMO emissions targets and the introduction of the Carbon...
Dry bulker collides with fishing vessel off Philippines island The bulk carrier, Happy Hiro, sold by Taylor Maritime in early April and now managed by Hong Kong-based Tamar Shipmanagement collided with...
Tanker crews 'safe and well' in Iranian waters as Greece condemns 'piracy' Prudent Warrior has been moved to Bandar Abbas and has passed port state control inspection, according to Polembros
Decarbonisation: The hidden cost of 'drop-in' future fuels Synthetic LNG or methanol will cost more than hydrogen and ammonia, but will be easier to live with; which path...
Daily Briefing Tanker STS hubs for Russian oil shipments accelerate off Malta and Greece | Two laden Greek tankers seized by Iranian...
Iran, Greek tanker troubles spook oil, shipping markets Suezmax freight rates on a Persian Gulf to Mediterranean route were assessed by Platts at $9.29/mt on May 30, the highest since April 24.
INTERVIEW: LPG bunkering gains traction among rising global demand: WLPGA CEO Containerships are another promising shipping segment for LPG bunkering, with about 30% of such ships estimated to be LPG-dual fuel within this decade or so, Rockall said.
Singapore marine fuel 0.5%S cash differential hits all-time high on shortage LSFO supply tightened in Europe amid higher gasoil crack spread. Blending stocks to produce low sulfur fuel oil, such as vacuum gasoil and light cycle oil, are taken by the gasoil market, market sources said.
Asia residual fuels: Key market indicators for May 30-June 3 Crude oil futures were higher May 30 morning in Asia, with July ICE Brent at $120.39/b at 11 am Singapore time (0300 GMT), up from $117.70/b at the Asian close on May 27.
Singapore low sulfur bunker fuel premium to Fujairah at record high as stocks tighten in city-state Oil product stockpiles in Fujairah were at a three-month high May 23, with heavy distillates and bunker stocks up 5.4% week on week at 10.902 million barrels, Fujairah Oil Industry Zone data released May 25 showed.
China Data: Carbon Emission Allowance price at $8.76/mtCO2e May 27 Platts assessed CORSIA-eligible carbon credit price at $4.85/mtCO2e on May 27, according to data from S&P Global.
ICE LSGO futures speculative net length down 3,636 contracts on week Open interest in the futures was down 12,760 contracts at 522,147 over the reporting week.
OPEC+ looks to a future with Russia beyond the pandemic oil output cuts The shortfalls have put a dent in the alliance credibility as swing producers, which the next OPEC+ supply agreement will need to address, said Kamil al-Harami, an independent Kuwait-based oil analyst.
Singapore 380 CST HSFO cash differential flips to discount after 4 months on higher inflow In the downstream bunker market, the specification issue seen in March-April was no longer supporting prices, industry sources said.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
